12-14-2007, 03:30 PM
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Freshman
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Join Date: Dec 2007
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help code this system to custom indicator an EA
Hello, please I want you to kindly help me create a custom indicator with an alert system that will indicate arrows when buying and selling signals are generated from this system I have devised .
Ichimoku kinko default settings of 9, 26, and 52 with the tenkan-sen, kinju-sen and chinkou span colors set to none
A 62 period simple ma of an envelope apply to close with a deviation of 0.10%
A black colored 50 simple moving average apply to close
A 20 period money flow index fixed inside an RSI indicator with fixed levels of 20, 50 and 80
Below I have attached a sample chart and a template to illustrate my system .
A buy signal is generated when a bullish candlestick closes above the ENVELOPE, SMA and ICHIMOKU and at the same time MFI has crossed or is above 50 mark.
A sell signal is generated when a bearish candlestick closes below the ENVELOPE, SMA AND ICHIMOKU and same time MFI has crossed or is below the 50 mark
You can as well add filters to the system in order to reduce false signals.
Suppose you intend creating an EA from the system the initial stop loss is 100 pips for GBP/JPY or when a bullish candlestick closes above the black colored 50 SMA during a sell signal, or when a beaish candlestick closes pair with a take profit of 120 pips. A trailing stop of 60 pips also optimum for this pair on a 15 minutes timeframe
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